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Accounting

AUDIT ɔdɪt

24 Jul 2021

Noun

  • an investigation of a company's finances to make sure they are correct.
Example Sentence: They are carrying out the annual audit.
 

ROYALTY rɔɪəlti

27 May 2021

Noun

  • money paid to somebody (esp. a writer/musician) when their work is used.
Example Sentence: He receives royalties every time the advert appears on TV.
 

PAY UP peɪ ʌp

01 Mar 2021

Phrasal Verb

  • give money.
Example Sentence: You must pay up by Friday.
 

ACCOUNT FOR əˈkaʊnt fɔr

02 Feb 2021

Phrasal Verb

  • explain.
Example Sentence: She was unable to account for over $5000.
 

AMORTISATION əˌmɔːtaɪˈzeɪʃən

26 Jan 2021

Noun

  • the repayment of debt in small regular amount.
Example Sentence: Company earnings before interest, tax and amortisation grew by 10%.
 

RECEIVABLES rɪˈsivəbəls

08 Jan 2021

Noun

  • money that a business expects to receive.
Example Sentence: The company generates roughly $400 million in receivables annually.
 

PROFITABLE prɒfɪtəbəl

06 Jan 2021

Adjective

  • making money or likely to make money in the future.
Example Sentence: The most profitable industries are those that are difficult to enter.
 

OVERHEADS ˈoʊvərˈhɛds

04 Jan 2021

Noun

  • the costs you pay regularly when running your business, e.g. the cost of electricity, heating, phone bills etc.
Example Sentence: Since the new management laid off half of our workers our overheads have been an all-time low.
 

OUTLOOK aʊtˌlʊk

03 Jan 2021

Noun

  • how the future looks based on current predictions.
Example Sentence: The outlook for small firms has worsened in recent months.
 

CASHFLOW kæʃ floʊ

14 Dec 2020

Noun

  • the amount of money moving through a company.
Example Sentence: Accountants can advise on systems for managing cashflow.
 

CAPITAL EXPENDITURE kæpɪtl ɪkˈspɛndɪtʃə

13 Dec 2020

Noun

  • the cost of long-term improvements.
Example Sentence: They do not have enough cashflow to cover their capital expenditure.
 

TURNOVER tɜrnˌoʊvər

04 Dec 2020

Noun

  • the rate at which employees join and leave a company.
Example Sentence: The turnover of workers in the new restaurant business is very high.
 

TURN OVER tɜrn oʊvər

03 Dec 2020

Phrase

  • to do business to a certain amount of money/products.
Example Sentence: We turned over most of our stock last month.
 

RED INK rɛd ɪŋk

07 Nov 2020

Phrase

  • debt (the red ink on a financial statement).
Example Sentence: The automobile company has much red ink because of the bad economic conditions.
 

KEEP BOOKS kip bʊks

11 Oct 2020

Phrase

  • to keep records of money that is gained or spent.
Example Sentence: The new sales manager does not know how to keep books and he has made many mistakes.
 
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